Syngroh Capital acquires 35 percent of building services provider KMLS
Hamburg — Syngroh Capital has acquired a 35 percent stake in Hamburg-based building and branch technology service provider KMLS and intends to expand its range of services. Initially founded in 2010 as a service provider for energy management and lighting technology, KMLS currently has more than 200 employees who generate annual sales of approximately 20 million euros. Its range of services includes technical building equipment and lighting design, as well as the execution and maintenance of all building services trades in new construction and renovation. The customer base includes chain stores with 3,500 branches as well as hospitals and logistics centers. Within a period of three years, Syngroh may exercise the option to acquire a majority interest.
The buyer intends to add further services to KMLS’s portfolio and has its sights set on the renewable energy and smart buildings trends, among others.
Syngroh is owned by the Grohe family and managed by Richard Grohe (photo). In 2017, Syngroh Capital was founded, an investment company of the Grohe family, known for the production of fittings (Hansgrohe company). The investment in KMLS is to be followed by further investments in medium-sized producers and service providers in German-speaking countries. The company is targeting companies worth between EUR 10 million and EUR 50 million each.
Deloitte, Hoffmann Liebs Fritsch & Partner, Ernst & Young and Baker McKenzieadvised on the current transaction.